I will attach the file. 2 questions.

Question

Yash · Accepted Answer

Problem 4
		UNDERSTANDING HEALTHCARE FINANCIAL MANAGEMENT
			Chapter 13 -- Financial Condition Analysis
	PROBLEM 4
	Consider the following financial statements for BestCare HMO, a not-for-profit managed care plan:
				                 BestCare HMO
			      Statement of Operations and Change in Net Assets
				        Year Ended June 30, 2XXX
				                  (in thousands)
	Revenue:
	  Premiums earned				$26,682
	  Coinsurance				$1,689
	  Interest and other income				$242
	    Total revenue				$28,613
	Expenses:
	  Salaries and benefits				$15,154
	  Medical supplies and drugs				$7,507
	  Insurance				$3,963
	  Rent				$19
	  Depreciation				$367
	  Interest				$385
	    Total expenses				$27,395
	Net income				$1,218
	Net assets, beginning of year				$900
	Net assets, end of year				$2,118
				                 BestCare HMO
				                  Balance Sheet
				        Year Ended June 30, 2XXX
				                  (in thousands)
	Assets
	  Cash and cash equivalents				$2,737
	  Net premiums receivable				$821
	  Supplies				$387
	    Total current assets				$3,945
	Net property and equipment				$5,924
	Total assets				$9,

I will attach the file. 2 questions.

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment